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Indian
LIC’s total assets swell 22 % to Rs 38 trillion in FY 2021
The corporation’s total Life Fund(total investment) has gone up by 10 per cent y-o-y to the tune of Rs.34,36,686 rores in Fy 2020-21.
The total funds of the corporation, invested across the sectors of the economy, are Rs 36,76,170 crores as on 31st March 2021.
In 2020-21 LIC has settled 229.15 lakhs claims amounting to Rs. 1,47,754 crores.
Indian growth jumps in April-June, helped by looser pandemic curbs
Tesla closer to making its official debut in India
Tesla has had its vehicles certified as being roadworthy in India, a posting on the website of the nation’s ministry of road transport and highways showed.
“The tests ensure the vehicle matches the requirements of the Indian market in terms of emission and safety and road worthiness,” according to the site. A Tesla fan club earlier tweeted about the development, saying the cars were probably Model 3 and Model Y variants.
India’s coronavirus vaccine supply jumps, raising hopes of export
India’s daily vaccinations surpassed 10 million doses on Friday, with national vaccine production more than doubling since April and set to rise again in the coming weeks. New production lines have been set up, a vaccine developed by Cadila Healthcare won recent approval, and commercial production of Russia’s Sputnik V is starting in India.
The Serum Institute of India (SII), the world’s biggest vaccine maker, is now producing about 150 million doses a month of its version of the AstraZeneca shot, more than twice its April output of about 65 million, a source with knowledge of the matter said.
International
UBS CEO Ermotti Sergio to succeed Walter Kielholz as Swiss Re Chairman
He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.
After China, Italy could cause maximum spread of Caronavirus globally:AIR
“Our analysis of risks associated with the current outbreaks in South Korea, Italy, and Iran, highlights the following countries at highest risk for onward infections from these secondary outbreaks,” Dr. Narges Dorratoltaj, senior scientist at AIR Worldwide.
For South Korea:Japan,United States,Vietnam,Thailand,Philippines,Taiwan
For Italy:Germany,United Kingdom,Spain,France,Netherlands,Belgium,United States,Romania
For Iran:United Arab Emirates,Turkey,Iraq,Qatar,Germany,Kuwait,Italy
Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover
Matthew Greaves, Underwriter, Atrium, said:“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”
Coronavirus pushes the world to its first contraction since 2009
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